Gold Coast Glimmers Again?

From the Jersey Journal:

Jersey City, Hoboken waterfront condo values on the rise, experts say

Real-estate prices of condos along the Jersey City and Hoboken waterfronts are on the rise, with the number of sales up 36 percent from 2010, local real-estate agents say.

One condo in Jersey City saw its value shoot up nearly 40 percent since its last sale two years ago, while another condo just sold for the highest resale price ever in Hoboken’s Hudson Tea Building, the agents say.

As of Nov. 20, 420 condos near the Jersey City and Hoboken waterfronts were sold this year, at an average list price of $700,000, according to real-estate listing service Hudson County MLS. That’s up from 374 in 2011, when the average list price was $557,000.

Kristin Marie Ehrgott, a Realtor who lives and works out of Hoboken, attributes the rising value to “a perfect storm” of continued low interest rates, low inventory and the lure of lower real-estate prices than seen across the Hudson River.

“We’re seeing a lot of buyers getting priced out of Manhattan,” Ehrgott told The Jersey Journal. “For pure inventory and options, people started moving into New Jersey.”

Alky Danikas, an economic and finance professor at St. Peter’s University, said higher real-estate values in Jersey City and Hoboken may not hold any significance for the larger economy.

“To say what’s happening in Jersey City or Hoboken will apply to Union is not necessarily true,” Danikas said. “Or in West New York or in Bayonne.”

Real-estate values are “very, very local driven,” he said, adding that home values in areas of the country that were most hard hit by the 2008 economic collapse — south Florida, Nevada — have still not improved.

“Those recoveries haven’t happened yet,” Danikas said.

This entry was posted in Economics, Housing Recovery, New Jersey Real Estate. Bookmark the permalink.

112 Responses to Gold Coast Glimmers Again?

  1. JC…move here, pay yer taxes, send yer kids to skool wif Bebo.

    Just another bubble, being random trip-wired to burst at any time.

  2. A few buyers (suckers) in my JC neighborhood. Mostly, it’s renters being priced out toward Journal Square. Also, lots of ground/garden level units that still sit unrenovated and vacant since Sandy.

  3. grim says:

    Don’t understand why anyone would buy into a building with a tax abatement that expires. Isn’t that just setting yourself up for a disaster when the thing finally comes due? Or is that simply too much foresight for the average american.

  4. Fast Eddie says:

    Growing up my whole life in Jersey City makes me chuckle when I read these articles.

    To think people are paying that kind of money be trapped within 10 square blocks of zero culture and schools where your kid needs to walk through metal detectors just boggles my mind.

    If you are priced out of Manhattan, the Jersey side of the river is not an alternative. Tribeca is not Hamilton Park! Lol!!

    It’s a sales pitch. And I guess the saying is true what they say about a fool and his money. This is a pump and dump… a 5 to 7 year fleecing cycle. Amazing.

  5. 1987 Condo says:

    #3..too much foresight….just like the guy who drives like a maniac, tailgates you, passes you on the right at high speed only to immediately end up behind the tractor-trailer, with it’s flashers on, doing 40 mph up the hill on 280….

  6. Ottoman says:

    3-
    You’re betting a critical mass of white people will move into the neighborhood before the expiration so hipsters feel safe enough to flood it with coffee shops and art galleries. Then you can sell it to someone who must have that address.

  7. Ottoman says:

    It’s cute when a real estate “expert” says you can’t compare markets and then proceeds to compare west New York and Bayonne to the Las Vegas desert. Here’s a better example of all real estate being local –Maplewood and irvington.

  8. grim says:

    8 – Usually the same kinds of economists that have 3 hands…

  9. chicagofinance says:

    grim: economist joke…..
    An investment banker is being lead around purgatory by the grim reaper when he sees the economist he used to work with in a room through a doorway in full embrace with a completely hot blonde. The are kissing and he is fondling her breasts. The banker gets pissed off and asks the reaper “what a minute, why does he get to kiss her?”…..the grim reaper turns to him and says “who are you to judge her punishment?”

  10. Essex says:

    9. If the devil punishes bad people, that makes the devil good.

  11. 1987 Condo says:

    Home Equity Troubles

    Nov 26 (Reuters) – U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country’s biggest banks.

    The loans are a problem now because an increasing number are hitting their 10-year anniversary, at which point borrowers usually must start paying down the principal on the loans as well as the interest they had been paying all along.

    More than $221 billion of these loans at the largest banks will hit this mark over the next four years, about 40 percent of the home equity lines of credit now outstanding.
    ……

    http://www.reuters.com/article/2013/11/26/usa-mortgages-homeequity-idUSL2N0J724D20131126

  12. Comrade Nom Deplume, a.k.a Captain Justice says:

    The NJ Real Estate and Theology Report.

  13. JJ the Welfare Queen says:

    JC is like Harlem, Astoria and Woodside when they have rapid price increases it usually means Manhattans real estate boom is long in the tooth.

    I dont get why JC still has unreovated lower units. Unless you are doing a BK or walking away you can do a cheap reno for 40K and jam a tenant in there. If it was a primary residence you got 31,900 from FEMA. Building had to do mold remediation, electrical, heat, unpainted sheetrock etc. So it is a blank slate.

    Out on LI a lot of lowers that old folk had that were primary residences they did a cheap fix with FEMA money and jammed tenants in. They are very hard to sell. But 5-10 years with no flood let kids inherit them. They could then at that point do a real renovation and sell.

    Also are seeing owner financing of units. Really if you have no mortgage. Fix ask for 20% down and sell and do a mortgage.

    Trouble is a lot of buildings folks just stopped paying maint on the units and it is effecting whole building

    Spine Snapper says:
    November 26, 2013 at 6:46 am

    A few buyers (suckers) in my JC neighborhood. Mostly, it’s renters being priced out toward Journal Square. Also, lots of ground/garden level units that still sit unrenovated and vacant since Sandy.

  14. Comrade Nom Deplume, a.k.a Captain Justice says:

    I was listening to this story when they started to interview an Oakland cop:

    http://www.cnn.com/video/standard.html?/video/us/2013/11/21/newsnow-prankster-gets-tables-turned-by-girlfriend.hln&hpt=hp_t5&from_homepage=yes&video_referrer=http%3A%2F%2Fwww.cnn.com%2F%3Fhpt%3Dsitenav

    I thought of anon. His head would explode, thinking about all those angry, Obama-hating white dudes, shooting their ARs all over Oakland.

  15. nwnj says:

    It continues to amaze me how the press will cover obviously fake stories if they serve an agenda. I knew this story was bogus when I first saw it on News12.

    http://www.nj.com/somerset/index.ssf/2013/11/bridgewater_waitress_anti-gay_receipt_a_hoax_customer_says.html

  16. Juice Box says:

    S&P WTF?

  17. Comrade Nom Deplume, a.k.a Captain Justice says:

    Great quote from yesterday:

    “”Now what you need to know, when I’m speaking as President of the United States and I come to this community. If in fact I could solve all these problems without passing laws in Congress, then I would do so.”

    Barack Obama

  18. Fast Eddie says:

    Nom [17],

    The guy is a f.ucking zero. He’s as dimensionless as the people who support him.

  19. Painhrtz - Disobey! says:

    good article but misses the point on all [parties being culpable for the rise of the federal government but documents Chairman O’s lawlessness

    http://www.nationalreview.com/article/364731/front-man-kevin-d-williamson

  20. Comrade Nom Deplume, a.k.a Captain Justice says:

    [15] nwnj

    Astonishingly, there are commenters who are suggesting that the family is covering their butts. If that were so, why come forward with evidence yet remain anonymous?

    The simpler explanation is that the restaurant stiffed the server. They can reproduce a merchant copy and simply pocket the original. Then they keep the tip and the server gets stiffed. The question for Morales is whether she saw the receipt before turning it in to the manager.

    But the commenters supporting her are persistent. They submit that Morales added a 20% tip to their check and they simply decided not to disagree with it. That doesn’t explain why they came forward anonymously later.

    But here’s the rub. As a lawyer I have to point out 2 obvious instances of fraud or misrepresentation on her part. First, if the commenters version is true, she committed fraud by adding a tip to the receipt. Second, as a former Marine, it means that she would have hid her sexuality from the Corps when she enlisted. So we have one prior instance of lying, and possibly a second instance of lying in order to support her version of events, which makes her pretty untrustworthy as a witness.

    It is also possible that the restaurant manager added the tip however they cannot admit that. It still doesn’t explain why the family would subject themselves to possible public outrage by coming forward albeit anonymously.

    So the restaurant and the server are in a box: Either they are lying or they doctored the receipt, but they cannot admit to doctoring the receipt so they are stuck with the lie.

  21. Richard says:

    I’d rather live in JC than Brooklyn which is probably a better comparison. Biggest problem for JC as an investment is the continual stream of new buildings going up. I can’t see how you’d make money owning a condo when there are going to be thousands of new condos opening each year.

  22. JJ the Welfare Queen says:

    God Bless America.

    Juice Box says:
    November 26, 2013 at 9:02 am

    S&P WTF?

  23. joyce says:

    Comrade,
    Being a lawyer, could you imagine if you spent that much time pointing out the obvious instances of fraud and/or misrepresentation within the financial industry?

    Comrade Nom Deplume, a.k.a Captain Justice says:
    November 26, 2013 at 9:52 am
    [15] nwnj

    Astonishingly, there are commenters who are suggesting that the family is covering their butts. If that were so, why come forward with evidence yet remain anonymous?

    The simpler explanation is that the restaurant stiffed the server. They can reproduce a merchant copy and simply pocket the original. Then they keep the tip and the server gets stiffed. The question for Morales is whether she saw the receipt before turning it in to the manager.

    But the commenters supporting her are persistent. They submit that Morales added a 20% tip to their check and they simply decided not to disagree with it. That doesn’t explain why they came forward anonymously later.

    But here’s the rub. As a lawyer I have to point out 2 obvious instances of fraud or misrepresentation on her part. First, if the commenters version is true, she committed fraud by adding a tip to the receipt. Second, as a former Marine, it means that she would have hid her sexuality from the Corps when she enlisted. So we have one prior instance of lying, and possibly a second instance of lying in order to support her version of events, which makes her pretty untrustworthy as a witness.

    It is also possible that the restaurant manager added the tip however they cannot admit that. It still doesn’t explain why the family would subject themselves to possible public outrage by coming forward albeit anonymously.

    So the restaurant and the server are in a box: Either they are lying or they doctored the receipt, but they cannot admit to doctoring the receipt so they are stuck with the lie.

  24. JJ the Welfare Queen says:

    Jon Stewart’s brother leaving his job at NYSE and other morning reads
    November 26, 2013, 9:52 AM

    Here’s Tuesday morning’s banking news roundup: Jon Stewart’s brother is leaving his job at the NYSE, a shake-up at the Nasdaq and hedge funds form a sort of fight club for insider trading.

    NYSE Euronext is losing a key executive in the wake of the IntercontinentalExchange Group Inc. takeover of the Big Board. Jon Stewart’s brother, NYSE COO Lawrence Leibowitz, will be leaving the exchange at the end of the year, said a report in The Wall Street Journal, citing people familiar with the changes. The NYSE was formally taken over by Atlanta-based IntercontinentalExchange Group Inc. ICE -0.20% on November 13th. Wonder what The Daily Show host will give his brother as a condolence present?

    Larry is a funny guy. Did some work for him in the 1990s and man that guy has some big bucks.

  25. joyce says:

    It’s already gone, but good timing

    JJ the Welfare Queen says:
    November 26, 2013 at 9:56 am
    God Bless America.

    Juice Box says:
    November 26, 2013 at 9:02 am

    S&P WTF?

  26. woops got moderated for something

  27. grim says:

    September Case Shiller very strong for the NY Metro…

  28. Juice Box says:

    re: # 27 – Time to take out a HELOC and take a vacation on the house! YeHa….This time around it’s champagne and caviar for everyone!

  29. nwnj says:

    #20

    That’s what usually happens in these media spawned stories. The original lie is propogated and eventually grows to a point that multiple lies are needed to cover the original.

    It’s pretty clear that the family paid a tip. They wouldn’t have come forward if they didn’t.

    But the waitress felt slighted and has obvious insecurity issues so she made the whole thing up to get attention.

  30. Fast Eddie says:

    September Case Shiller very strong for the NY Metro…

    Another $5000 gets tacked on to my asking price.

  31. nwnj says:

    Eddie missed his chance. Spring 2012 houses were a screaming buy.

  32. Painhrtz - Disobey! says:

    When you create a culture that celebrates victimhood, this is the outcome. the sad fact of the matter is no one gets called on their BS anymore it is just thrown down the memory hole like it never happened.

    Said back in the bubble hey day and will repeat now. We need to bring back public shaming!

  33. Fast Eddie says:

    Wadda ya think guys, take some money off the table? Is the market due for a correction? What say you?

  34. joyce says:

    Pete,

    Is that better or worse than “…4 Fruits-bering [sic] Fig trees, close to transportatuin [sic]”

    Or the patio furniture in the kitchen?

  35. Anon E. Moose says:

    nwnj [29];

    If the credit card statement shows an amount including a tip, then the family paid the tip. Whether the waitress got it can be another matter.

    My uninformed speculation is that the waitress annoyed someone working with her (whether it was legitimately her doing or the other person’s fault), who then planed the note on a dupe of the receipt and hid the tip from her. The underlying dispute probably had nothing at all to do with her sexuality, it was just a ready button that the other person knew to push. Waitress may have even gotten the tip when she tipped out at the end of the shift or on payday, but didn’t disaggregate it.

  36. Painhrtz - Disobey! says:

    totally hipster retro and perfect for the area. Fruit trees can be used in the making of encapsulated placeta to give them their artisinal flair, celebrate your non conformist irony with 20 inch tube slash furniture piece, and your green smuggnessas your friends regal in the beauty of your renewably sourced wood walls. Diverse neighborhood with like minded individuals confident in their superiority to the chattled classes. hurry now multiple bugaboo strollers seen at last open house.

  37. Anon E. Moose says:

    Joyce [35];

    Grammar and spelling aside, fig trees are known for not being reliable fruit-bearers. My LI rental was previously owned by an old Italian man who planted one in the backyard that was about 8 feet in diameter and prolific. My neighbor growing up also had one that grew under the fence to our side, but only occasionally bore fruit. My uncle had one that stiffed him year in, year out.

    Do I buy a house because it has (4!) fruit-bearing fig trees? Probably not, but you sell what you have, and you never know what can tip the scales for a buyer.

  38. Happy Renter says:

    [15] and [20]

    Wow — the libtard media really is something else when it comes to pushing their propaganda. That Star Ledger article you linked to has a bunch of comments where people are criticizing the media (and the waitress) for dragging this customer into their propaganda stunt; the Star Ledger has a “reporter” comment posted in response that reads:

    “Although we encourage reader debate, NJ.com would like to remind readers that just because this original incident may turn out to be false doesn’t mean that the LGBT community has not experienced negative remarks, or that all accusations are false just because this one may have been. We will continue to report what we know, when we know it.”

    Got that, folks? Don’t get all uppity and indignant about us reporting false news stories, because the real point isn’t whether this “news” actually happened or not, the real point is that “the LGBT community has experienced negative remarks” (because we said so) and that just because this was a fake news story, not all of them are (because we said so).

    It would be hilarious if it weren’t such a telling comment on what outright shills the media have become.

  39. Happy Renter says:

    “We will continue to report what we want to report, when we want to report it, reality be damned.”

  40. Libturd in Union says:

    Speaking of Placental Encapsulation…this share request came across the Montclair Watercooler this morning. I am a kinesiologist/ flower essence practitioner looking to share a small quiet office space/massage room in Upper Montclair close to train station to use for consultations. Come on Clot. You know you want to share office space with her.

  41. Anon E. Moose says:

    Nom [15];

    Reading the comments on a general circulation publication is pointless at best and can be downright scary — here there be dragons.

  42. stu (42)-

    I would put her in a bathtub of sulfuric acid within one hour.

    “Come on Clot. You know you want to share office space with her.”

  43. Libturd in Union says:

    “Wadda ya think guys, take some money off the table? Is the market due for a correction? What say you?”

    Sadly Gary, I’m thinking the bottom was indeed put in place in 2012. If you look at the total amount of mortgage debt, it’s actually decreasing. Free money is no longer easy to obtain (for most). People are living more responsibly. I don’t think we are looking at a bubble at this time. I would expect a slow melt up from here, just as the equity market has been doing for years. Though at this point, you really don’t lose much going forward as the value of your current home is increasing as well. If it were me, I would just stay put, save my money and wait for the 0% loans to resurface and create the next bubble. Though it could be another decade or two.

  44. Painhrtz - Disobey! says:

    An hour Clot you do yourself a disservice I don’t even thing your irish coffee would get cold before you were putting her into the wood chipper

  45. chicagofinance says:

    clot business management & liquor store protocol guide:

    Who’s snorting now?

    A Manhattan waitress is getting the last laugh on the creepy nightclub owner she says snorted cocaine off her shoulder and then licked her neck.

    Nicole Slama has been granted a default judgment in her $3.5 million lawsuit against former Quo co-owner Gary Malhotra, six years after the icky encounter.

    “It’s been very difficult to deal with this for so many years, but it would have been more difficult to let him get away with what he did,” Slama told the Daily News.

    Slama had only been working at the W. 28th St. club for a short time when she said Malhotra, a lawyer, cornered her in a storeroom and demanded she let him do a line off her rear end.

    She pushed him away, but he grabbed her breast and said, “OK, off your (breast) then,” according to the suit.

    Slama charged that when she said “No!” and tried to get out again, he pinned her against the wall. She said he then did the line off her shoulder and licked her neck. “You have to let me, ’cause I’m your boss,” she quoted him as saying. She immediately went to cops, who arrested him for forcible touching and sexual abuse.

    He was sentenced to five days’ community service — but managed to stall her civil suit for years, claiming he was in the process of appealing the criminal conviction.

    Slama’s lawyer, Megan Goddard, said he never actually filed the appeal, and she got the stay lifted after his deadline for filing one expired. Justice Cynthia Kern found him and the company that owned the club in default. An inquest will be held next year to determine money damages for Slama. Quo was shuttered in 2011.

  46. JJ the Welfare Queen says:

    Spring 2012 was a terrible time to buy. If you left your money in the stock fund and waited till December 2013 you would be much better off.

    nwnj says:
    November 26, 2013 at 10:42 am

    Eddie missed his chance. Spring 2012 houses were a screaming buy.

  47. pain, i wouldn’t risk ruining a quality woodchipper on a bag of bones like that.

  48. JJ the Welfare Queen says:

    http://s90.photobucket.com/user/sexxielove84/profile

    Chifi from your 48 post I found the waitresses photobucket page. I think doing coke off her butt was a reasonable request given her photo album.

    Nicole Slama has been granted a default judgment in her $3.5 million lawsuit against former Quo co-owner Gary Malhotra, six years after the icky encounter.

  49. Libturd in Union says:

    Anyone want to snort coke off my butt?

  50. Fast Eddie says:

    Spring 2012 was a terrible time to buy. If you left your money in the stock fund and waited till December 2013 you would be much better off.

    Amen. That’s why I’m trying to decide the next move. :)

  51. Libturd in Union says:

    I would move all of my money into Blackberry.

  52. Stu, will you exfoliate your butt first?

  53. Fast Eddie says:

    Stu,

    I think once the FED even gives the slightest hint that they’ll start pulling back, that’s when 10% comes off the table. And if fixed investoments (CDs, etc) go anywhere near 4% or better, I may pull more out. The balancing act.

  54. Anon E. Moose says:

    Stu [52];

    Maybe if I was getting paid $3.5MM …

  55. joyce says:

    This already happened (them hinting), didn’t it?

    Fast Eddie says:
    November 26, 2013 at 12:59 pm
    Stu,

    I think once the FED even gives the slightest hint that they’ll start pulling back, that’s when 10% comes off the table. And if fixed investoments (CDs, etc) go anywhere near 4% or better, I may pull more out. The balancing act.

  56. Fast Eddie says:

    joyce,

    Not yet. I need to see a smaller window.

  57. Libturd in Union says:

    Anon: Truman was a Democrat. Baa, baa.

  58. Painhrtz - Disobey! says:

    cmon Stu at least use a pic from WWII, like a soccer staduim next to the Hiroshima clock tower

  59. grim says:

    Regarding the HELOC Tidalwave in #11 above:

    Much ado about nothing, I suspect.

    HELOC Outstanding Balances are down more than 25% since 2009, they are being paid down aggressively, I suspect that this may be due to the fact that they’ve exited their draw periods and moved into fully amortizing. I would expect this to continue.

    Realize that many used HELOC to refinance other debt, namely auto and non-secured, primarily due to the tax advantages of the HELOC being deductible (fraudulently, but that didn’t stop anyone from doing it). For many this was a very sly deal.

    Outstanding HELOC debt is reporting in two different ways, and many articles fail to mention which. From a lender’s perspective, a HELOC is typically reported based on the maximum draw amount, since it represents the bank’s potential exposure. From a borrower’s perspective, it’s only the balance outstanding. For example, I might have a $50,000 HELOC that has only drawn $1,000. My exposure as a borrower is $1,000 – the fact that my credit line is for $50k is irrelevant to the paydown scenario. Not everybody maxed the heloc.

    With mortgage rates considerably lower than in the 2003-2009 period, I suspect that many with outstanding HELOCs can simply refinance the HELOC, or refinance their primary loan, rolling the HELOC in. Hell, they can potentially save money by doing it. This is probably the wild-card here. Who ever said you couldn’t refi a HELOC?

  60. Fast Eddie says:

    This one has been for sale for at least a year, maybe two. When I went to see it, the next door neighbor was out in his yard with no shirt on, wearing long pants while barbecuing G0d knows what. It was frightening. In fact, I believe they may have raised the price on this place. Pictures can be very deceiving.

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1333949&dayssince=&countysearch=false

  61. Fast Eddie says:

    Taxes at $15,000 and asking $750,000. Even if you could swing it, who would want to? Looking at this place is like experiencing a dead f.uck:

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1305940&dayssince=&countysearch=false

  62. Fast Eddie says:

    $26,000 in f.ucking taxes. Omg. And, why is it empty? Moved to a bigger place? Yeah, right! (snicker):

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1340954&dayssince=&countysearch=false

  63. grim says:

    Six bathrooms, big taxes!

  64. Painhrtz - Disobey! says:

    colonial cape my f*cking word a house cannot be both. Call it what it is an expanded cape. f*cking house probably cost 26K when it was built in the 50’s. FE – good luck glad I’m not looking anymore

  65. Fast Eddie says:

    Six bathrooms, big taxes!

    please. :)

  66. Fast Eddie says:

    Painhrtz – Disobey! [70],

    It’s so sinister! I really should put a stupid price on my house and state that all offers will be entertained. I really think you can manipulate anyone with the proper stimuli. How does one separate oneself from the imbeciles?

  67. chicagofinance says:

    JJ: J-E-T-S Jets Jets Jets….

    Tom Keene of Bloomberg interviews Mohamed El-Erian of PIMCO this morning.
    This podcast is a condensed version without commercials of a 30 minute segment (9:30AM EST – 10AM).

    Start listening at 13:30 to 16:30.
    http://media.bloomberg.com/bb/avfile/News/Surveillance/vbknQLuQE8jA.mp3

  68. 1987 Condo says:

    #65…it’s Reuters…they’re French…..what do you expect!

  69. Fast Eddie says:

    Just for ha-ha’s, I went to see this one over the weekend. It’s a 50 X 110 lot and the pictures never do a place justice. The house was empty, no furniture and I was disappointed. I expected a lot more. The street isn’t picturesque. It looked like a city street and the surrounding houses were mish-mosh and a little shabby. A half million and over 12K in taxes and it’s yours. It should be in the 300s with 6K in taxes, reflecting a normal environment:

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1332328&dayssince=&countysearch=false

  70. Fast Eddie says:

    75. — Picture Hawthorne, two blocks from the Paterson border and that’s what that neighborhood looks like.

  71. grim says:

    Gary -68 – Prior sale was for $1.35 million in a super secret office exclusive pocket listing sale.

    You still sure about these secret listings being good deals?

  72. Fast Eddie says:

    You still sure about these secret listings being good deals?

    Give me the option and I’ll decide.

  73. grim says:

    Bleach blonde lipstick manatee realtor won’t give you that option. If you want this house, you better sign here now, this is the price, don’t wait, we’ve already sent over 10 other couples. You either want it or you don’t. Get a move on, this is a fantastic opportunity. Be a man, your wife is going to regret your decision if you hesitate and lose out. You don’t want to be a loser do you? Here’s the pen. Honey, be a doll, get your husband the check book from the car.

  74. Fast Eddie says:

    Lol! That’s awesome! Hey, you sound just like a realtor! ;)

  75. JJ - The War Lord Welfare King says:

    Intolerance of sexy peers: intrasexual competition among women.
    Vaillancourt T, Sharma A.
    SourceUniversity of Ottawa, Ottawa, Ontario, Canada. tracy.vaillancourt@uottawa.ca

    Abstract
    Intrasexual competition among males of different species, including humans, is well documented. Among females, far less is known. Recent nonexperimental studies suggest that women are intolerant of attractive females and use indirect aggression to derogate potential rivals. In Study 1, an experimental design was used to test the evolutionary-based hypothesis that women would be intolerant of sexy women and would censure those who seem to make sex too readily available. Results provide strong empirical support for intrasexual competition among women. Using independent raters, blind to condition, we found that almost all women were rated as reacting negatively (“bitchy”) to an attractive female confederate when she was dressed in a sexually provocative manner. In contrast, when she was dressed conservatively, the same confederate was barely noticed by the participants. In Study 2, an experimental design was used to assess whether the sexy female confederate from Study 1 was viewed as a sexual rival by women. Results indicated that as hypothesized, women did not want to introduce her to their boyfriend, allow him to spend time alone with her, or be friends with her. Findings from both studies are discussed in terms of evolutionary theory.

  76. Fast Eddie says:

    JJ [81],

    That’s why unattractive women (and men) tend to be liberals and progressives; they’re p1ssed at the world and want the playing field flattened.

  77. Bystander says:

    Aren’t these condos on Hoboken and JC waterfront required to have flood insurance? Are they not impacted that FEMA is pulling the subidies and they may be get 5k to 7k quotes on flood insurance? What am I missing?

  78. 1987 Condo says:

    Gary, you can always try Brooklyn, no parking, dangerous schools, close knit neighbors…

    http://www.zillow.com/homedetails/1930-E-27th-St-Brooklyn-NY-11229/30742368_zpid/

  79. 1987 Condo says:

    My wife grew up on that block, railroad style house, very narrow, “driveway” won’t fit car, limited street parking, park a block away, etc

  80. grim says:

    Dreams do come true!!

  81. Fast Eddie says:

    1987 Condo,

    The charm and romance that identified sections of the boroughs are long gone. It’s all secular, nondescript, worn and unmotivated.

  82. 1987 Condo says:

    yeah..so when folks get that money and move to NJ, and save $16,000 for a couple catholic school tuitions, have a driveway and maybe garage, a back yard, etc.,..it is like hitting lotto!

  83. Anon E. Moose says:

    ’87 [84];

    MODERN KOSHER KITCHEN

    For the target demographic, in that neighborhood, public schools are irrelevant. They’d “Lawrence” the local schools if they could.

  84. Anon E. Moose says:

    Besides, the driveway fits a car, its just that you can’t open the doors on the driveway. That’s why the detached garage is behind the house. Of you could climb out the sunroof if it isn’t raining.

  85. 1987 Condo says:

    Well, still Irish-Catholic there, this the need to send to Bishop Kearny, etc

  86. grim says:

    No changes to the conforming loan amount for 2014 – so much for the panic of a month ago.

  87. Libturd at home says:

    Why is the desk built into a closet in that Verona home?

  88. joyce says:

    Gary,
    You saw this one in person? What’s the deal with it? The pictures look nice; taxes 9K.

    Fast Eddie says:
    November 26, 2013 at 2:26 pm
    This one has been for sale for at least a year, maybe two. When I went to see it, the next door neighbor was out in his yard with no shirt on, wearing long pants while barbecuing G0d knows what. It was frightening. In fact, I believe they may have raised the price on this place. Pictures can be very deceiving.

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1333949&dayssince=&countysearch=false

  89. grim says:

    Wow 135 Saw Mill in Kinnelon sold – very cool house on an AMAZING piece of property (40 acres and a 12 acre private lake). $3.5m – buyer paid cash

    http://binged.it/1blUrE1

  90. JJ the Welfare Queen says:

    Pre-Firm are losing subsidies most of the homes there are Post-Firm
    Even Pre-Firm as long as you have primary owners and meet lost history requirements you get to keep them.

    My house has full flood 250K/100K and I pay $500 a year.
    I am Pre-Firm PRP-EE Primary Residence that meets loss history requirements.

    And I have a basement in a BFE of 8 Street.

    Two loss events in ENTIRE history of house knocks you out of PRP. Sandy was first event since house built in 1955.

    I am paying $1.129 on beach place. Full Flood. BFE of 11. That is a Post Firm rate

    Bystander says:
    November 26, 2013 at 3:38 pm

    Aren’t these condos on Hoboken and JC waterfront required to have flood insurance? Are they not impacted that FEMA is pulling the subidies and they may be get 5k to 7k quotes on flood insurance? What am I missing?

  91. POS cape says:

    [75]

    Garage: None

    For half a mil, I want a garage.

  92. Doyle says:

    #95 Grim: Taxes?

  93. grim says:

    50k – paradise don’t come cheap (more bang for your buck than Montclair though).

  94. grim says:

    There is a video with annoying classical music on youtube:

    http://www.youtube.com/watch?v=8B32XulDeew

  95. Fast Eddie says:

    Joyce [94],

    The place has been for sale forever. Catch my drift? :) They painted 60 year old pine cabinets white in color and put a piece of granite on top of them; to the left of the house is a wooded mountain as the house is at a dead end and you have to drive the side of a mountain to get to the house. It’s in a section that were lake homes with various additions, extensions and odds and ends added. The bedrooms had a weird layout and this one bedroom had a tunnel leading to this other vacuous room with no purpose. It wasn’t bad but it had more flaws then the pictures illustrate. The price is too way too high.

  96. joyce says:

    gotcha

  97. hobojoe says:

    Anecdotally, there seems to be a lot of overseas money coming into Hoboken lately. An agent commented to me to that effect early last summer. Shut off your headphones, get off the phone and just listen to the people speaking around you. Over the summer I counted as I walked the length of Washington St one day – the number speaking european languages seemingly as their native tongue was surprising- lots of french, spain spanish, german and clean italian (not the bastardized molfetese the locals speak). At first I noticed this only on Washington, figured they were tourists, but now you see it on Bloomfield, Garden, etc too with their strollers in hand. These are probably the ones coming over from Manhattan, where they used to park their money. Seems Hoboken is luring the europeans, while waterfront JC has the asians congregating.

  98. Bystander says:

    JJ,

    PRP – My understanding is that Preferred rate policy exists only exists b/c subsidies have been extended. Biggert Waters changes this and will not extend subsidies in 2014. I understand they are trying to delay it but still it is causing chaos. Here is my situation:

    -Seller has lived in home since 1964 and pays 400/year for flood
    -Home has river behind property but not near ocean.
    -Home clearly has never taken water. It is bone dry plus has irrigation & sump system.
    -Disclosure says he is not in flood zone but FEMA says he is in AE, as of 2011.
    -Seller had survey/elevation certificate done in 2002. Cert says zone X, BFE 21.
    -His lowest part of basement in 16.5.
    -Realtor said I could assume his flood policy but insurance agent said that seller is in rated zone of X but current zone of AE. The PRP has allowed him to keep cheap premium b/c it has been extended..but this might not be the case in 2014.

    I am getting estimate tomorrow but this deal may be over.

  99. Bystander says:

    JJ – You bought your place before 10/1/13 so Biggert Waters was not effective yet. I can tell you that the world has changed since 10/1. This sh*t is crazy and I would check with your agent regarding whether you will get that rate upon renewal.

  100. chicagofinance says:

    interesting…..also the euro does not go as far as it once did…..I assume between the tech workers, the Chinese & Russians expatriating money, and the trust fund kids….it really puts the screws to the newbie professionals to NYC.

    hobojoe says:
    November 26, 2013 at 6:46 pm
    Anecdotally, there seems to be a lot of overseas money coming into Hoboken lately. An agent commented to me to that effect early last summer. Shut off your headphones, get off the phone and just listen to the people speaking around you. Over the summer I counted as I walked the length of Washington St one day – the number speaking european languages seemingly as their native tongue was surprising- lots of french, spain spanish, german and clean italian (not the bastardized molfetese the locals speak). At first I noticed this only on Washington, figured they were tourists, but now you see it on Bloomfield, Garden, etc too with their strollers in hand. These are probably the ones coming over from Manhattan, where they used to park their money. Seems Hoboken is luring the europeans, while waterfront JC has the asians congregating.

  101. Grim says:

    What’s a nice house outside London or Paris go for these days? $750k-$1m?

  102. Doyle says:

    Grim $50k doesn’t sound crazy for that land.That’s weird to write but everything is relative I suppose…

  103. Anon E. Moose says:

    hobojo [104];

    You sure you weren’t just standing outside of Carlo’s? :-D

  104. Wow. Today’s thread has referenced necr0philia and manatees.

  105. JC_NJ says:

    103 & 106

    I live in Jersey City and it is the listed as the 2nd most culturally diverse city in the country. Yes Asians live here, but if I’ve heard Russian speaking and Polish speaking people around the Jersey city water front. Then include the Filipinos, Latinos, Italians, Irish, etc. According to another study, about 27 different languages are spoken in Jersey City alone. You can google what I’ve just said and you’ll find the articles.

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